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Bloomberg Law Dockets – Ten Most Read Dockets of 2010

December 28, 2010

New York — Bloomberg Law Dockets – Ten Most Read Dockets of
2010, the court filings most retrieved from the Bloomberg Law
database, reflect the ongoing legal fallout from the economic
crisis. Bankruptcies, shareholder litigation and SEC litigation
feature prominently on this year’s list with Lehman Brothers
Holdings Inc., the largest bankruptcy filing in history, topping
the list for another year. Bloomberg Law Dockets provide
comprehensive coverage and powerful search capabilities across
federal courts as well as many state and international courts.

“This year’s most read Bloomberg Law Dockets, coupled with
commentary from our legal analysts, provide a fascinating
snapshot of the legal challenges businesses are grappling with
today,” said Lou Andreozzi, chairman of Bloomberg Law. “Court
dockets are essential for managing legal cases but they also
provide a valuable source of strategic information for legal and
business professionals. Lawyers seeking new business or
conducting due diligence, investors and financial analysts,
business competitors and journalists all benefit from the wealth
of information available through Bloomberg Law Dockets.”

Bloomberg Law Dockets - Ten Most Read Dockets of 2010:
1.   Lehman Brothers Holdings Inc., Docket No. 1:08-bk-13555
(Bankr. S.D.N.Y. Sept. 15, 2008) Lehman Brothers Holdings Inc.
filed the largest bankruptcy in history on September 15, 2008
with consolidated assets of $639 billion and debt of $613
billion.  The case is ongoing in the Southern District of New
York and remains the most read bankruptcy docket over two years
after its initial filing.

2.   Securities and Exchange Commission v. Goldman, Sachs & Co.
et al, Docket No. 1:10-cv-03229 (S.D.N.Y. April 16, 2010) In
July 2010, the SEC reached an agreement with Goldman, Sachs &
Co. to settle securities fraud charges for $550 million.  The
SEC’s action, filed three months earlier, charged Goldman with
failing to disclose that hedge fund Paulson & Co. Inc. had
played a significant role in choosing the subprime residential
mortgage-backed securities (RMBS) underlying the synthetic
collateral debt obligation known as ABACUS 2007-AC1.  Paulson
allegedly shorted the RMBS portfolio that it helped to select.

3.   Air Products & Chemicals Inc vs Airgas Inc et al, Docket
No. 5249 (Del. Ch. Feb. 04, 2010) This case, as well as #8 on
this list, involves Air Products & Chemicals, Inc.’s ongoing
hostile takeover battle with target company Airgas, Inc.  The
two Pennsylvania-based industrial companies have been battling
for over a year, with a ruling on Airgas’ “poison pill” takeover
defense expected in January 2011.

4.   Citadel Broadcasting Corporation, Docket No 1:09-bk-17442
(Bankr. S.D.N.Y. Dec. 20, 2009) Citadel Broadcasting, the third-
largest U.S. radio station operator, filed for bankruptcy in
late 2009 and exited bankruptcy, despite the objection of
several shareholders, by receiving court approval of its plan of
reorganization in May 2010.

5.   Ceglia v. Zuckerberg et al, Docket No. 1:10-cv-00569
(W.D.N.Y. July 09, 2010)  In this dispute over ownership and
control of the social networking website, plaintiff
Paul Ceglia alleged that defendant Mark Zuckerberg, the founder
of Facebook, Inc., entered a written contract in 2003 granting
Ceglia an ownership interest in Facebook in exchange for $1,000.
The suit was originally filed in New York state court, where a
judge issued a temporary restraining order preventing Zuckerberg
or Facebook from transferring, selling, or assigning any of
Facebook’s assets. Zuckerberg and Facebook removed the suit to
federal court in July 2010, where the restraining order was
allowed to expire.

6.   General Growth Properties, Inc., Docket No. 1:09-bk-11977
(Bankr. S.D.N.Y. Apr. 16, 2009) In November 2010, shopping mall
owner General Growth Properties, Inc. completed the largest real
estate bankruptcy in U.S. history.  General Growth began its
reorganization in April 2009 with assets of $29.6 billion and
$27.3 billion in total liabilities.

7.   Citizens for Consume, et al v. Abbott Laboratories,, et al,
Docket No. 1:01-cv-12257 (D. Mass. Dec. 19, 2001) This case is
the federal branch of a long-running, multidistrict antitrust
class action against various major pharmaceutical manufacturers
and distributors over alleged inflation of the “Average
Wholesale Price” - the price charged by wholesalers to
pharmacies, hospitals and doctors for prescription drugs. A
number of major plaintiffs and defendants settled and sought
dismissal from the case in 2010.

8.   Airgas Inc et al vs Air Products & Chemicals Inc, Docket
No. 5817 (Del. Ch. Sept. 15, 2010) See #3 on this list, above.

9.   Washington Mutual, Inc., Docket No. 1:08-bk-12229 (Bankr.
D. Del. Sept. 26, 2008) Washington Mutual, Inc., the holding
company that owned the largest savings-and-loan in the U.S., was
taken over by the Federal Deposit Insurance Corp. on September
25, 2008, and filed for Chapter 11 bankruptcy protection in
Delaware the next day.  Judge Walrath, who is presiding over the
case, said she will not be able to decide by Dec. 31, 2010
whether she will approve the global settlement and confirm the
Chapter 11 plan that was presented at a four day confirmation
hearing that ended on December 7, 2010.  If Judge Walrath
approves the plan, over $7 billion will be distributed to

10. Chen-Oster et al v. Goldman, Sachs & Co. et al, Docket No.
1:10-cv-06950 (S.D.N.Y. Sept. 15, 2010) Three former high-level
female employees of Goldman Sachs filed a class action against
the prominent investment bank alleging gender discrimination and
retaliation. The women claim that Goldman Sachs compensates its
female employees less than male employees with the same or less
experience and provides better business opportunities to male
employees, charges that Goldman Sachs denies.

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